incometax
By Mohammed Kudrati In a major personal tax rejig, Finance Minister Nirmala Sitharaman announced that taxpayers could avail a tax rebate on income up to ₹7 lakh from the current ₹5 lakh. But this change in rebate will only be available under the new income tax regime. The announcements came as part of Sitharaman's fifth consecutive Union Budget speech. "An individual with an annual income of ` 9 lakh will be required to pay only 45,000. This is only 5 per cent of his or her income. It is a reduction of 25 per cent on what he or she is required to pay now, ie, ` 60,000. Similarly, an individual...
BOOM Live
By Mohammed Kudrati Recently, at an event organised by Panchjanya magazine, Finance Minister Nirmala Sitharaman said that she identifies herself as 'middle class', to convey that she understands the pressures and problems they face. Sitharaman also said that the government does not tax income under ₹5 lakh, with no extra taxes being imposed on the 'middle class' under the government; portraying facilities like metros, smart-cities and better drinking water coverage to be middle-class friendly initiatives. However, there is no fixed definition of who can be called economically middle class. Rat...
BOOM Live
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
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